This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Macy's Expands GoodWeave® Certified Rug Collections; Shop Macy's Fine Rug Galleries And Macys.com - Bashian, Expedition HG241 Light Blue (Photo: Business Wire)

Macy’s (NYSE:M) today announced an expansion of decorative rugs certified by GoodWeave, an international nonprofit organization that works to end child labor in the carpet industry and offer educational opportunities to children in weaving communities throughout the world. Originally launched at Macy’s in 2011, the collection of rugs has grown to include 30 styles in various sizes and color combinations carried at Macy’s Fine Rug Galleries coast-to-coast and online at macys.com.

Macy's expands GoodWeave® certified rug collections; shop Macy's Fine Rug Galleries and macys.com -  ...

Macy's expands GoodWeave® certified rug collections; shop Macy's Fine Rug Galleries and macys.com - Bashian, Expedition HG241 Light Blue (Photo: Business Wire)

“By purchasing a rug certified by GoodWeave, Macy’s customers can feel good knowing their new handcrafted carpet is not only beautiful, but supports the education of children across the globe in the effort to end exploitative child labor,” said Shawn Outler, Macy’s group vice president of leased businesses, vendor collaboration and multicultural business development. “We are very proud to support GoodWeave’s meaningful work, and to provide our customers with high quality, hand-woven carpets created in socially responsible environments.”

”GoodWeave’s partnership with Macy’s has the power to transform the problem of child labor directly on the ground in countries like India,” said Nina Smith, Executive Director of GoodWeave International. “When a major brand like Macy’s tells its suppliers that certification is a requirement of doing business, a message is sent down the supply chain that positive working conditions are a market requirement. As the largest North American retailer selling GoodWeave certified rugs, Macy’s market leadership in the area of labor conditions in the carpet industry is likely to influence others to follow suit. This will stamp out the problem of child labor permanently.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs